Get all your news in one place.
100’s of premium titles.
One app.
Start reading
Reuters
Reuters
Business

S.Korea finance minister, China ambassador to discuss economic cooperation

FILE PHOTO: South Korean Deputy Prime Minister and Minister of Economy and Finance Choo Kyung-ho speaks during an interview with Reuters in Incheon, South Korea, May 3, 2023. REUTERS/Kim Hong-Ji

South Korea's finance minister was due to hold a meeting with China's ambassador to the country on Friday to discuss economic cooperation among other topics, Seoul's finance ministry said.

South Korea's ambassador to Washington said early this month Seoul would soon pursue senior-level engagements with Beijing amid heightened diplomatic tensions between the two neighbouring economic powerhouses over geopolitical issues.

In a short statement, it provided no details other than that Minister Choo Kyung-ho, also a deputy prime minister, was due to meet Chinese Ambassador Xing Haiming for 30 minutes from 9:30 a.m. (0030 GMT) at a government building in central Seoul.

On the economic front, South Korea has been hard hit by a slump in exports to China. Shipments have fallen for 12 out of the past 13 months on a year-on-year basis.

(Reporting by Choonsik Yoo; Editing by Jacqueline Wong)

Sign up to read this article
Read news from 100’s of titles, curated specifically for you.
Already a member? Sign in here
Related Stories
Top stories on inkl right now
One subscription that gives you access to news from hundreds of sites
Already a member? Sign in here
Our Picks
Fourteen days free
Download the app
One app. One membership.
100+ trusted global sources.